Except not really. A bullet is faster and has more piercing power than any of the A/B-class wind/lightning/earth techniques we see, or Kunai/Shuriken (including ones augmented by chakra) due to the sheer speed.
Originally Posted by jdblaze85
Sure, it won't pierce through a boulder like a Raikiri, but it won't ever be dodged unless you're the Yellow Flash (and maybe not even then).
Thinking about it, I bet ninjas could even infuse bullets with chakra to create wind/lightning bullets. So think about that!